Property for Auction in Ganapathy, Coimbatore, Tamil Nadu
Auction ID:563073
Bank Name:Indian Overseas Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹3,18,20,000
EMD:₹31,82,000
Service Provider:BAANKNET
Submission Date:28-08-2025 05:00 PM
Bid Start Date:29-08-2025 10:30 AM
This property is a Land and Building located in the Ganapathy area of Coimbatore, Tamil Nadu. Classified under the Residential asset category, it presents a valuable acquisition opportunity. The property is being auctioned by Indian Overseas Bank under the SARFAESI Act.
State:Tamil Nadu
City:Coimbatore
Area:Ganapathy
Asset Category:Residential
Indian Overseas Bank invites bids for a SARFAESI auction of Land and Building in Ganapathy, Coimbatore, Tamil Nadu. The auction will be held on August 29, 2025, from 10:30 AM to 12:30 PM. The reserve price is INR 3,18,20,000, with an Earnest Money Deposit (EMD) of INR 31,82,000. This is an opportunity to acquire a property formerly associated with M/s. Marutham Steel Industries Pvt. Ltd.
Borrower Name:M/s. Marutham Steel Industries Pvt. Ltd
Auction Type:SARFAESI Auction
Contact Phone No.: 0422-2497178